Donate Your Used Car To Charity, Get Tax Deduction

Shelly wrote:
> For values less than $500, the value of the tax deduction comes from
> the donor's own estimate of the car's value, even if the charity
> receives less money from actually selling the car. Learn more -->
> http://www.autocarprices.com/car-donation.htm

Bad deal for a good car. I donated a good car (perfect running, good
looks, everything worked, lower-than-average mileage) worth some $
thousands and got my $500 deduction. The charity turned the car over to
an auction company that transported it and sold it for maybe $1-2k.
Take away their commission and the charity didn't get much.

Next time: Say I have a car worth $7000 in a private sale. I'll sell it
for $6000 to save time and effort and give the $6k to the charity.
Everybody wins, including the buyer.

Davoud

--
usenet *at* davidillig *dawt* com